New Delhi, Jan. 29 -- Shares of KRM Ayurveda made a bumper debut in the Indian stock market on Thursday, January 29. KRM Ayurveda share price was listed at a 28% premium over the initial public offering (IPO) price of Rs.135 per share.

KRM Ayurveda share price opened at Rs.172.10 on NSE SME, meaning that the IPO allottees made 28% return on its strong stock market debut.

The listing of KRM Ayurveda IPO beat the market expectations. Ahead of listing, the GMP of KRM Ayurveda IPO was Rs.22.5, which indicated an estimated listing price of Rs.157.5.

The SME IPO was open for subscription from January 21 to January 23. KRM Ayurveda IPO allotment was finalised on Tuesday, January 27.

The company raised Rs.77.49 crore through the book-built is...